This was a stunningly good NR. We don't have that many gold bugs on this forum, but put me in that camp. I think gold is going well over $2000. Platinum and palladium will follow and double as well. Am I getting your attention, or do you think this is pie in the sky fantasy?
The dollar is the defacto international currency, yet the US is borrowing more money than is available in the credit markets. The FED is being force to print money and monetize the debt. This is creating incredible instability in the financial markets as everyone runs from the weak dollar. The result is higher gold prices. Once the US stock market crashes (over the next eight months), gold is going much, much higher. Billions of dollars will leave the US and a chunk of this will convert into gold.
It all depends on the 43-101 and the tonnage, but if we have anything near a long term mine for platinum and palladium, this baby is going to rock. And there is going to some serious interest by the majors. This is better news than anything we could hope for.
Now I know why they are after FWR. They think they have a game changer (a long life mine) with these lenses and they want to consolidate. I would love to steal FWR at 4 to 1, but I think the pot is going to have be sweetened. 3.5 to 1 might get there.
I know one thing from the NR, we have reclaimed our title as king of the ring. All this talk of FWR being a better stock than NOT is misguided IMO -- unless they have a PGM mine too!
Newager